What is Nelnet's income tax?

Nelnet (NNI) reported income tax of $20.06M in Q1 2026.

How has Nelnet's income tax changed year-over-year?

Nelnet's income tax decreased by 19.8% year-over-year, from $25.01M to $20.06M.

What is the long-term trend for Nelnet's income tax?

Over 3 years (2021 to 2025), Nelnet's income tax has grown at a 3.4% compound annual growth rate (CAGR), from $115.82M to $127.99M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Nelnet (NNI) Income Tax — Quarterly & Annual

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Segments

By segment

See full

Education Technology Services and Payments (ETSP)$11.48M+0.6%

Asset Generation and Management$7.32M+2.3%

Loan Servicing and Systems (LSS)$4.75M+7.0%

Nelnet Bank$2.11M+385%

Other financials

Income statement

See full

Net income$71.1M-13.8%

EPS (diluted)$1.97-12.8%

Balance sheet

See full

Cash & equivalents$240.0M+8.8%

Total debt$7.7B-11.1%

Total equity$3.7B+9.1%

Total assets$14.2B-0.1%

Cash flow

See full

Operating cash flow$73.1M-19.8%

CapEx$11.6M+242%

Free cash flow$61.6M-29.9%

Valuation

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Market cap$4.85B+5.9%

Enterprise value$12.31B+0.4%

P/E11.6×-2.3×

Returns & leverage

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Return on equity11.7%+5.9pp

Debt / equity2.1×-0.5×

Where this comes from

Reported directly by Nelnet in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The source filing: Nelnet’s 10-Q, filed May 7, 2026.

Filed: May 7, 2026, 4:23 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001258602-26-000033

Line item	Three months ended / March 31, 2026	Three months ended / March 31, 2025
Other expenses	61,840	48,307
Total operating expenses	233,986	217,997
Income before income taxes	75,661	106,140
Income tax expense	(20,061)	(25,010)
Net income	55,600	81,130
Net loss attributable to noncontrolling interests	15,526	1,430
Net income attributable to Nelnet, Inc.	$71,126	82,560
Earnings per common share:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's income tax?: Nelnet (NNI) reported income tax of $20.06M in Q1 2026.
How has Nelnet's income tax changed year-over-year?: Nelnet's income tax decreased by 19.8% year-over-year, from $25.01M to $20.06M.
What is the long-term trend for Nelnet's income tax?: Over 3 years (2021 to 2025), Nelnet's income tax has grown at a 3.4% compound annual growth rate (CAGR), from $115.82M to $127.99M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.